Stockholders at Lawson Software (LWSN) Approve Merger with Affiliate of Golden Gate Capital
Lawson Software (NASDAQ: LWSN) today announced that the stockholders voted to approve the proposed merger with GGC Software Holdings, Inc.
The proposal to adopt the merger agreement was approved by approximately 68.9% of the total number of shares outstanding as of the May 27, 2011 record date for the special meeting, and by more than 98.4% of the shares voted.
Pursuant to the merger agreement announced on April 26, 2011, Lawson's stockholders will receive $11.25 per share in cash.
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The proposal to adopt the merger agreement was approved by approximately 68.9% of the total number of shares outstanding as of the May 27, 2011 record date for the special meeting, and by more than 98.4% of the shares voted.
Pursuant to the merger agreement announced on April 26, 2011, Lawson's stockholders will receive $11.25 per share in cash.
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